JPMorgan American (LON:JAM) Reaches New 52-Week High – Time to Buy?

JPMorgan American (LON:JAM)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 1,190 ($14.67) and last traded at GBX 1,182 ($14.57), with a volume of 408307 shares changing hands. The stock had previously closed at GBX 1,182 ($14.57).

JPMorgan American Stock Performance

The company’s 50 day simple moving average is GBX 1,137.49 and its 200 day simple moving average is GBX 1,043.58. The company has a debt-to-equity ratio of 5.39, a quick ratio of 1.45 and a current ratio of 4.13. The stock has a market cap of £2.14 billion, a PE ratio of 511.21 and a beta of 0.65.

About JPMorgan American

A local knows the best route
JPMorgan American Investment Trust plc aims to generate attractive long-term returns from the world’s largest stock market by focusing on high quality companies that are also reasonably priced.

Key points:
Expertise – Our flagship US investment trust, managed by locally based specialist investors to provide core portfolio exposure to North American equities.
Portfolio – Managed for growth by focusing on quality companies that are reasonably priced.
Results – Broadly diversified across the S&P 500 index, with a focus on large cap stocks.

Why invest in this trust
The JPMorgan American Investment Trust plc is a large, actively managed investment trust investing in the core US stock market.